Nest Pension to Vanguard SIPP
in Pensions, Annuities & Retirement Planning
6 replies 1K views
I've got a Nest Higher Risk fund pension of nearly £35k, and I'm 39years old. The Nest pension was from my previous employer so it now only receives contributions from myself. I'm considering transferring it into a Vanguard SIPP to use one of their retirement funds (2050 possibly 0.24% OCF). I'm already with Vanguard for my S&S ISA and quite like their platform. My (probably dodgy) calculations say the overall Vanguard fees are cheaper (0.15% platform + fund 0.24% + txn fee ~0.07% = 0.46%), than the overall Nest ones (1.8% txn fee + 0.3% annual fee). There's no exit charge for Nest, which is good. My other idea is to leave my Nest one where it is & stop contributing to it & to start a new Vanguard one, because the Nest 0.3% annual fee is lower than the total Vanguard one - but I might be getting this bit wrong.
The Vanguard one might simply be much better & I'm being dense for not seeing this (I don't see the Nest one being compared to others very often online). I'm just posting up to check for opinions or if there're any other considerations or downsides I'm missing?
Thanks in advance for any replies!
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